ONEOK Stock To Go Ex-dividend Tomorrow (OKE)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for ONEOK (NYSE: OKE) is tomorrow, November 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 33 cents per share. At a price of $47.30 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for ONEOK has been 920,400 shares per day over the past 30 days. ONEOK has a market cap of $9.67 billion and is part of the utilities sector and utilities industry. Shares are up 8.8% year to date as of the close of trading on Tuesday.

ONEOK, Inc., a diversified energy company, engages in the gathering, processing, storage, and transportation of natural gas and natural gas liquids in the United States. The company operates through three segments: ONEOK Partners, Natural Gas Distribution, and Energy Services. The company has a P/E ratio of 29.1, above the average utilities industry P/E ratio of 27.8 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates ONEOK as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full ONEOK Ratings Report.

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